Advertising
Advertising

5 Ways To Effectively Protect Your Intellectual Property

5 Ways To Effectively Protect Your Intellectual Property

Intellectual property is one of the most difficult things to protect. There is no greater hazard to your company than losing these critical pieces of information. Whether they’re plans for new efforts in assembly, or simply the materials you use to train your employees, the risks of losing such information to your competition are real and potentially very expensive over the long term.

So what can you do to protect yourself?

Advertising

1. Secure your materials

As with anything valuable, you must secure proprietary information where it is stored and handled. When your valuable are virtual goods like training materials, one of the most important things to consider is comprehensive network security. Failing to implement security is an invite to hackers and thieves to help themselves to your confidential data.

It can be difficult to convince personnel that these steps are as important. It is a worthwhile investment of your time to conduct in-service training or host other activities to impress upon everyone that utilizing the required encryption, password protection, and firewall steps is as important as locking the front door of the Louvre.

Advertising

2. Don’t train your tentative employees until they need it

Secure information is often described as being available on a “need to know” basis. If someone doesn’t need to know, don’t tell them. Apart from reducing the amount of training that goes on, this also helps secure data. Imagine taking a new employee through a full week of training on your materials and then losing him or her–and subsequently, the intellectual property–to a competitor. There is always the risk of that happening, but if that employee did not yet need to be trained in so many aspects within the first week, it was an unnecessary risk to have taken.

This also cuts down on wasted effort in training. It can be very exciting when new methods or topics come available, and the temptation can be great to hurry and get ahead of the curve by training personnel as quickly as possible. However, the inevitable bugs associated with the rollout of new versions of any product–concrete or virtual–necessitate a more measured approach in training personnel. That brings us to our next point.

Advertising

3. Keep the target moving

Sometimes the best strategy to avoid theft of your intellectual property is to change it. It doesn’t require a complete overhaul of everything you do, just a few basic changes or re-ordering of steps.

A good example of this, on a simpler level, is the evolution of company logos. While we think the Golden Arches at McDonald’s are unchanged from Ray Kroc’s earliest days in the U.S., the fact is that there has been an ongoing evolution in the coloration, shape, font, and so forth ever since it first emerged.

Advertising

Think of your training the same way. For starters, any product, service, or system that you are training on will undergo periodic changes. Anything technological certainly will. So sometimes, the mere passage of a few months can make any pirated information obsolete. And if you can accelerate that process, even just a little, your vulnerability is even lower.

As an employee, the knowledge and materials generated by your employer required many hours of work and significant financial investments to create. It is your duty not only to make use of them, but to make sure that they stay in-house where they belong so that those investments pay off.

4. Make a habit of documenting everything

Just keeping patents is simply not enough. When you register your patent and start working on your idea, you start a war with a lot of people who are in same industry. Keeping a journal is a best practice. This journal should include everything from the inception of the idea, every meeting you make, every person you meet. Doing this will help you really grab hold of your idea and aid you in auditing any leaks.

5. Execute your ideas quickly

Our mind is a thinking machine, and sometimes, when it’s on the move, it showers us with noble ideas, but it can also feed us negativity and depression. When you think an idea is worth chasing, you should act on it fast. You’re never sure whether somebody, somewhere, might have a similar idea, and beat you to it. As businessmen put it, idea plus execution plus investment increases your chances of success.

More by this author

Nabin Paudyal

Co-Founder, Siplikan Media Group

Here’s Why Writing Down Your Goals Really Does Work Think Positive Mantras Help a Lot? Try Value Affirmation Instead 20 Healthy Spaghetti Squash Recipes For Delicious Comfort Food Benefits of Sauna: 8 Ways It Makes You Healthier and Happier 25 Websites Other Than Social Media To Upgrade Your Life

Trending in Productivity

1 10 Practical Ways to Improve Time Management Skills 2 The Ultimate Morning Routine for Success of Highly Successful People 3 10 Good Habits to Have in Life to Be More Successful 4 Powerful Daily Routine Examples for a Healthier Life 5 How to Increase Willpower and Be Mentally Tough

Read Next

Advertising
Advertising
Advertising

Last Updated on March 23, 2021

Manage Your Energy so You Can Manage Your Time

Manage Your Energy so You Can Manage Your Time

One of the greatest ironies of this age is that while various gadgets like smartphones and netbooks allow you to multitask, it seems that you never manage to get things done. You are caught in the busyness trap. There’s just too much work to do in one day that sometimes you end up exhausted with half-finished tasks.

The problem lies in how to keep our energy level high to ensure that you finish at least one of your most important tasks for the day. There’s just not enough hours in a day and it’s not possible to be productive the whole time.

You need more than time management. You need energy management

1. Dispel the idea that you need to be a “morning person” to be productive

How many times have you heard (or read) this advice – wake up early so that you can do all the tasks at hand. There’s nothing wrong with that advice. It’s actually reeks of good common sense – start early, finish early. The thing is that technique alone won’t work with everyone. Especially not with people who are not morning larks.

Advertising

I should know because I was once deluded with the idea that I will be more productive if I get out of bed by 6 a.m. Like most of you Lifehackers, I’m always on the lookout for productivity hacks because I have a lot of things in my plate. I’m working full time as an editor for a news agency, while at the same time tending to my side business as a content marketing strategist. I’m also a travel blogger and oh yeah, I forgot, I also have a life.

I read a lot of productivity books and blogs looking for ways to make the most of my 24 hours. Most stories on productivity stress waking up early. So I did – and I was a major failure in that department – both in waking up early and finishing early.

2. Determine your “peak hours”

Energy management begins with looking for your most productive hours in a day. Getting attuned to your body clock won’t happen instantly but there’s a way around it.

Monitor your working habits for one week and list down the time when you managed to do the most work. Take note also of what you feel during those hours – do you feel energized or lethargic? Monitor this and you will find a pattern later on.

Advertising

My experiment with being a morning lark proved that ignoring my body clock and just doing it by disciplining myself to wake up before 8 a.m. will push me to be more productive. I thought that by writing blog posts and other reports in the morning that I would be finished by noon and use my lunch break for a quick gym session. That never happened. I was sleepy, distracted and couldn’t write jack before 10 a.m.

In fact that was one experiment that I shouldn’t have tried because I should know better. After all, I’ve been writing for a living for the last 15 years, and I have observed time and again that I write more –and better – in the afternoon and in evenings after supper. I’m a night owl. I might as well, accept it and work around it.

Just recently, I was so fired up by a certain idea that – even if I’m back home tired from work – I took out my netbook, wrote and published a 600-word blog post by 11 p.m. This is a bit extreme and one of my rare outbursts of energy, but it works for me.

3. Block those high-energy hours

Once you have a sense of that high-energy time, you can then mold your schedule so that your other less important tasks will be scheduled either before or after this designated productive time.

Advertising

Block them out in your calendar and use the high-energy hours for your high priority tasks – especially those that require more of your mental energy and focus. You also need to use these hours to any task that will bring you closer to you life’s goal.

If you are a morning person, you might want to schedule most business meetings before lunch time as it’s important to keep your mind sharp and focused. But nothing is set in stone. Sometimes you have to sacrifice those productive hours to attend to other personal stuff – like if you or your family members are sick or if you have to attend your son’s graduation.

That said, just remember to keep those productive times on your calendar. You may allow for some exemptions but stick to that schedule as much as possible.

There’s no right or wrong way of using this energy management technique because everything depends on your own personal circumstances. What you need to remember is that you have to accept what works for you – and not what other productivity gurus say you should do.

Advertising

Understanding your own body clock is the key to time management. Without it, you end up exhausted chasing a never-ending cycle of tasks and frustrations.

Featured photo credit: Collin Hardy via unsplash.com

Read Next